Saturday, July 04, 2009

The Blood of Tyrants



Remind me again. What were those grievances with a remote and unresponsive government back in the 1700s?

40 comments:

Sweet Cashback said...

....lack of highway construction?

Sweet Cashback said...

....failing public school system?

Sweet Cashback said...

....social security deficit?

Sweet Cashback said...

FOURTH!!!!

Son of Brock Landers said...

No taxation without representation! I'll be drinking whiskey today which was the cause of a failed revolt.

tj and the bear said...

9.25% here -- UGH!

What really kills me is when the LA mayor starts talking about charging for individual services, claiming the city's been "subsidizing" them previously. Gawd I hate politicians.

Rob Dawg said...
This comment has been removed by the author.
Rob Dawg said...

xls file here for all of California:
http://www.boe.ca.gov/sutax/files/city_rates.xls

Orange10 said...

The Boomers will happily steal from their own kids and grand-kids, bankrupting the entire populace if needed -- with no compunctions or remorse whatsoever -- if it means maintaining their iron-clad grip on power.

Never in this country's history has there been a generation of people so colossally incompentent.

The country will return to some semblance of sanity as the 1940's/1950's set is mercifully marginalized starting in around five years.

Lou Minatti said...

Shut up and pay your fair share you unpatriotic jerks.

Lou Minatti said...

"It's time to be patriotic ... time to jump in, time to be part of the deal, time to help get America out of the rut."
God bless you, Joe Biden.

wagga said...

Preserve this classic liturgy & response.

Church of the Dawg?

Just keeps getting better & better...

edgar said...

Whenever I get cranky I like to read about Cali and say to myself life is pretty sweet(tm) in hicksville. Thanks cali, you made my day again.

incessant_din said...

9.75% where I live. We must be paying the fairest share. Happy 4th.

w said...

Nothing like a system where achievers and risk takers have to give half back.

con said...

@Edgar -- "Whenever I get cranky I like to read about Cali and say to myself life is pretty sweet(tm) in hicksville."

Is that Nassau Cty, Long Island? Astounding property taxes there, I believe....

edgar said...

@con wrote: Is that Nassau Cty, Long Island? Astounding property taxes there, I believe...

Naw, central oklahoma. 8.5% sales tax, $800 annual property tax. We be gaining on you-ins in the bubbles department, better stand back...

Peripheral Visionary said...

@Rob: "What were those grievances with a remote and unresponsive government back in the 1700s?"

Lack of access to nationalized healthcare, the issue upon which the nation was founded. The dream of nationalized healthcare remains just that, a dream, which the martyrs and patriots have reached for through the years, battling against tyrannical Old World-types who natter on about something called "taxes".

Here in the District of Columbia, our taxes are 10%--10% sales tax AND 10% income tax. Huzzah! Now that's what I call freedom--freedom from an overburdened wallet.

NoVa Sideliner said...

$800 property tax?! Sweeeeeet! I just got my annual tax bill. Standard old 3/2 ranch house, a mere $3500. You got it good, mate.

Peripheral Visionary said...

Also, read on ClusterStock that the IOUs appear to be working just fine, being taken as cash equivalents by banks etc. Well, that's one less problem to worry about! I don't know why California is the only place that's figured out it can take care of its financial problems by printing notes.

Mr. Outspoken said...

California isn't the only one. Zimbabwe has been leading the field in that category. At first I thought you might have had an unspoken [outside of failed states], but what's the point of comparing California to going concerns?

Peripheral Visionary said...

Now that I come to think of it, the "success" of the Schwarzenbucks is an especially serious problem, in that it will allow California to put off resolution of the fiscal crisis. The public and (most of) the banks are accepting the new fiat, why worry about balancing the budget? The budget battle could drag out for months, even as there is no effective reigning in of expenses and the amount of unpaid IOUs outstanding pile up.

This could get ugly--the longer it goes, the higher the tab will be for the Federal government to bail them out, and the more damaging the political fallout from such a action. I still think (despite the Obama administration's protestations to the contrary) that it's likely, but it's not going to be pretty.

NoVa Sideliner said...

This could get ugly--the longer it goes, the higher the tab will be for the Federal government to bail them out


Nah, surely the government learned that lesson after GM. Didn't they?

Mr. Outspoken said...

Of course they learned their lesson. Soak the investors, blame management, and hand everything of value over to the unions with the acquiescence of a compliant court. It may be a little hard to blame management since they ARE management, but I'm sure Schwarzenegger will find a way. I mean after all the ship was sinking long before he took the helm.

edgar said...

http://www.moneyandmarkets.com/day-of-reckoning-8-34512

edgar said...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFtGuPKB2uWE

Lost Cause said...

No wonder that nobody is buying anything.

Lou Minatti said...

Rob, please don't break down during the Michael Jackson funeral tomorrow.

tj and the bear said...

Rob,

You don't suppose that the Feds could covertly support Cali by quietly buying up truckloads of IOUs?

Peripheral Visionary said...

Why would the Fed be quiet about it? They would just declare IOUs to be a "legacy" asset (despite the fact that the ink on them is not yet dry), qualify them for purchase under one of the countless asset support programs, and proceed to buy them out of all the banks under the pretense of keeping the banking system from collapsing. Not sure why any subterfuge would be needed to do what they've already been doing.

tj and the bear said...

PV,

The reason to maintain a low profile would be to prevent a "run on the bank" by every state, county & city with red ink. I still maintain that they don't dare open that can of worms.

Andrew said...

California's bond rating lowered to BBB -- Blame Baby Boomers. :-p

Rob Faber said...

When will Casey Serin be tried, convicted, imprisoned, and executed?

Bill in NC said...

Banks: No IOUs accepted after Friday

http://online.wsj.com/article/SB124692354575702881.html

Akira said...

Dear Dawgster,

I've located the perfect image for your blog: Erotica in Exurbia

Akira said...

I collect and like junk so maybe I'll buy some California bonds. Woohoo!

Mr. Outspoken said...

What is the significance of the S&P cutting its 200 day average? Except for 2 days it was above it all through June. Does we need confirmation before we call a new downtrend?

Mr. Outspoken said...

The reverse Casey Serin.

edgar said...

"The governor is not against condiments. The governor's not against fruits of any kind," said spokesman Aaron McLear. "But he believes we ought to be focused on solving our budget crisis first...

Amusing.

Mike said...

Dawg, slacker. Post somethin' mang!